New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-05-26
CLOsTyG PRTCES OF PHILADELPHIA STOCKS

The complete report Of the countrys foreign commerce
in April issued yesterday by the Bureau o! Statistics
makes comparison with the same month III preceding
wears which TO the superficial observer may be regarded
as unfavorable Compared with the same month OF leeo
the exports OF merchandise last month were In value
Sc 500 600 less than in 1856, and the imports were
Sc 200 900 greater in 1856 hence the excess oi I'M
ports was Sl5073975 against excess OF imports oi
the month OF last year Of S33ieS7s Including the pe
Gle and bullion movements the OF imports Tor the
month was Sl3.579,57s. against an excess of exports
for the month 1856 OF sos 1913 Inconnecton with
the condition OF the foreign exchange markets al the re-
spectiye periods these comparisons teach practical
lesson political economy. They show that there are
other conditions than trade balances which nn-
ence and control the financial relations between this
country and the OF the world They also show what
frequently before has been explained that. while our
exports Of merchandise OF immediate supply
to the foreign exchange market imports OF merhan
disc create a demand which. however, was postponed
from four months after the date OF the arrival Of
the merchandise. In the ten months ended April 80
1885 the exports OF merchandise exceeded the IMPORTS
$l62 l65 100, and In the period the specie ana
bullion gold and silver resulted In an excess
of imports G5s7 100 making the not eHcesof exports
for that o months Slj5 72f Now mark that Ia tho
spending months ended April 30. 1856 tle eN
cess OF exports OF merchandise imports was only
81 I64 SIC, and that the specie and bullion movement
for the same period resulted excess OF exports OF
s1711G22G making the not excess Of exports for that
ten months ,sO2 s"7.3"0oCO less nn for the
responding period Of The preceding year NO oAe VIII
dispute that general business of the country and the
general traffic OF tho railroads much better Ia TIE
period bounded by July J. l-eJ and April 30 l--6 han
It was in the period OF such large excess OF exports
bounded by July J. lse;. and April 80 1850. ND'' -
the last ten months ended Ap! 80 Tie merchants eS
ports exceeded tie imports 10y only all 100000 bat the
specie and bull on movement resulted IN excess OF I'M
ports OF 249sG9s3 making tie net excess Of exports
for the last ten months Ony S-757327j, or more tan
$50 600 900 less than tle for the corresponding
period Of tho preceding year no will dispute that
during the last months the improvement In general
trade and development OF enterprises have been much
greater than in tie spending period ended Apu 30
1856 OF the specie and bullion movement during the
last ten months tie imports Of gold exceeded tie exports
of gold by s32TIG97 against for the corrcaponcing
period OF the preceding year excess OF cIpoib oil
S6944 0O1 a difference Of S30,0OO,Oo0. For the
last four months January l 10 April 80 the gold move
ment resulted in AN excess Of exports Of sI,Gas.67O
against for the four months Of 1856 an excess OF
exports OF $40, 0s5Gs7.
The immigration into the United States Is rapidly In
creasng In April the arrivals OF Immigrants amounted
10 731O7 Allowing that the amount OF money
brought by each person arrived only 500, IL
adds 81 700 the monetary wealth OF the country
In the ten months ended April 80 the number Of mn.
grants arrived was 33l 60 which upon the basis
OF calculation is contribution TO the monetary wealth Of
the country IN the months OF S33410G00 The par
tcuar movements OF the exports and imports for April
and for ten months ended April 80 shown for three
years In the subjOned tables: